Good morning. Just two weeks after its formation, DowDuPont Inc. is altering its plan to split into three companies, writes WSJ’s David Benoit.The move appears to be a way to end the threat of a fight with as many as four activist investors.

The company -- created by the merger of Dow Chemical Co. and DuPont Co. -- had long planned to split into separate companies in the next 18 months: agriculture, specialty-chemical products and materials.

The new plan moves businesses with more than $8 billion in annual revenue from the materials spinoff, which is to house the legacy Dow operations and be named Dow, into the specialty-chemical concern, according to people familiar with the matter.

The move will separate into parts what had been Dow Corning, a pioneer in silicone technology that was taken over by Dow last year, and put some of it into each of the specialty and materials companies, the people said. Previously, the silicone business was to be housed entirely in the new Dow. Shareholders, including activists Trian Fund Management LP, Third Point LLC, Glenview Capital Management LLC and Jana Partners LLC, had pressed for a dramatic reshaping of the breakup, particularly as it relates to the silicone business.

THE WEEK AHEAD

An Apple Inc. logo is displayed on a screen during the Apple Worldwide Developers Conference (WWDC) in San Jose in June.

David Paul Morris/Bloomberg News

What Apple’s iPhone launch means for suppliers. As Apple Inc. launches its latest iPhone today, the long bet on the company’s Asian suppliers might not pay off, writes WSJ’s Jacky Wong. On average, iPhone suppliers have outperformed the market by 7.2% in the six months before a launch, only to underperform by 3.9% in the three months after, according to brokerage firm Bernstein.

Self-driving cars to get new rules. The Trump administration plans to introduce new voluntary guidelines for autonomous vehicles on Tuesday in a bid to increase flexibility for car and tech companies and speed the industry’s development in the U.S.

CORPORATE NEWS

Volkswagen CEO Matthias Müller at Volkswagen in Wolfsburg, Germany.

Alexa Vachon for The Wall Street Journal

How two years of crisis tested VW’s CEO.Matthias Müller, chief executive of Volkswagen AG wants employees to be ready for rapid change, in the wake of the emissions scandal that roiled the company nearly two years ago. They want to know if leading executives have changed.

Questions about Equifax breach are still open.The fallout from last week’s Equifax Inc. data breach continued Monday as customer complaints continued to pile up and regulators urged consumers to freeze their credit reports. CIO Journal gives an update of where things stand.

U.S. companies become a force in the global bond market.Thirty U.S. companies together have more than $800 billion of fixed-income investments, according to a Financial Times analysis of their most recent filings with the US Securities and Exchange Commission. Their holdings of treasury, corporate, agency and municipal debt, as well as asset- and mortgage-backed securities, means they collectively have more firepower in debt and credit markets than high-profile asset managers.

Here comes Generation Z. As the postmillennial smartphone generation begins joining the workforce, bosses would be wise to prepare for young technophiles with an inclusive view of the workplace and a hunger for employers whose values reflect their own, writes WSJ’s Francesca Fontana. An EY survey of 1,600 Generation Z respondents, born in the mid-1990s or later, suggests the cohort places a priority on “building something better and leaving something better for future generations,” says Larry Nash says, EY’s U.S. recruiting leader. “They want to have a purpose in their work.”

Sofi CEO to step down.Social Finance Inc., one of the most highly valued private financial-technology startups in the U.S., said on Monday night that Chairman and Chief Executive Mike Cagney would step down by the end of the year. Mr. Cagney said in a note to employees that recent litigation brought against the company and “negative press have become a distraction from the company’s core mission.” On Sunday, The Wall Street Journal reported that Mr. Cagney was previously involved in a dispute with a lower-level employee that resulted in a settlement approved by the board.

Apps help travelers connect with local cultures, customs.Business travelers hoping to improve their professional prospects by understanding local culture and business customs typically spend time ensconced in the culture firsthand or ask colleagues about their experiences. They now also have a panoply of other choices, including websites, apps and business-focused tour guides, writes the New York Times.

Galaxy Note 8 orders top predecessor. Samsung Electronics Co. Ltd. said pre-orders for its Galaxy Note 8 premium smartphone have hit an all-time high for the Note series, Reuters reports. Pre-orders reached about 650,000 Note 8 handsets over five days from about 40 countries.

REGULATION

Proposed ethics revisions would prevent bribing accountants.The International Ethics Board for Accountants is proposing revisions to its code of ethics, writes Accounting Today. The exposure draft, Proposed Revisions to the Code Pertaining to the Offering and Accepting of Inducements, seeks to clarify the appropriate boundaries for offering and accepting of inducements, such as bribes.

CFO MOVES

Zayo Group Holdings Inc. said Monday that company executive Matt Steinfort had been named chief financial officer. Mr. Steinfort, who will assume the role on Friday, had served as a Zayo executive vice president for corporate strategy, development and administration since November. He will succeed Ken desGarennes, who joined the fiber-optic connections provider in 2007, writes CFO Journal’s Ezequiel Minaya.

"Retiring was a difficult decision, but the presence of a qualified, capable candidate made this the right time to ensure a smooth transition," said Mr. desGarennes, who will remain with the company until February to aid in the transition.
Prior to joining Zayo, Mr. Steinfort previously worked for the privately held Envysion Inc., a video-surveillance company he co-founded with Dan Caruso, who is currently Zayo's chief executive.

The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning. Send tips, suggestions and complaints to the editor: kimberly.johnson@wsj.com.